Alipay+

What Alipay+ does

Alipay+ is a unified wallet gateway operated by Ant International (a subsidiary of China's Ant Group), headquartered in Singapore. The platform enables cross-border digital payments by connecting 40+ mobile payment providers—collectively representing 2B+ consumer accounts—to 150M+ merchants across 220+ markets through a single API integration. It supports QR code payments (user-presented and merchant-presented modes), NFC contactless payments, online cashier payments, and auto-debit, with additional value-added services including AI-powered travel (Voyager), digital tax refunds, remittance, loyalty rewards, and SME-oriented marketing tools. Acquirers, mobile payment providers, and merchants integrate once to access a multi-wallet, multi-market payment surface, while national payment switches (QRIS, LankaQR, DuitNow) connect at the infrastructure layer.

The technology stack is anchored by several proprietary AI systems: AI SHIELD (a 7B+-parameter fraud detection model achieving 95% precision), the Falcon TST AI FX model (open-sourced and credited with up to 60% internal FX-cost reduction), the GenAI Cockpit for wallet operators, and the Agentic Mobile Protocol—an open-source framework enabling AI agents and LLMs to transact against 4.4B wallet users. The platform also operates the Whale blockchain settlement rail (US$600B processed in 2025 using tokenized bank deposits) and has completed full deployment of Privacy Enhancing Technologies (PETs), validated by Singapore's Personal Data Protection Commission. Developer tooling includes Android, iOS, server, and NFC SDKs, sandbox environments, and a dedicated Developer Center.

Commercially, Alipay+ operates as a B2B2C platform under an undisclosed, negotiated per-transaction fee model. Revenue is generated from cross-border payment processing and a growing suite of digital gateway services (marketing, remittance, tax refunds). Distribution is anchored by strategic partnerships with wallet operators (GCash, Touch 'n Go, TrueMoney, Kakao Pay, PayPay, Kaspi, DBS PayLah!), acquirers, and central-bank-aligned entities (Bank Indonesia, People's Bank of China, NAPAS, Vietcombank), alongside newer alliances with Mastercard, Visa, Google, and HSBC on agentic-commerce and settlement innovation. Customer concentration is structurally low given 90% SME merchant mix and a 40+-partner wallet ecosystem, and recent expansion has extended into Latin America, Central Asia, the Middle East, and Sri Lanka while an India UPI linkage remains paused pending regulatory review.

Name

Alipay+

Legal name

Alipay Connect Pte. Ltd.

Website

https://alipayplus.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Short description

Alipay+ is a Singapore-based unified wallet gateway, operated by Ant International, that connects 40+ mobile payment providers (2B+ consumer accounts) to 150M+ merchants across 220+ markets via a single API, enabling cross-border QR, NFC, online, and agentic AI-driven payments.

Ownership category

akta.pro rank

Product category

Cross-Border Payment Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

akta.pro primary industry

Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)

akta.pro secondary industries

Integrated Payment Processors (PSP/Acquirer) (FSAMABAA), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

Keywords

• Cross-border payments
• Mobile wallet gateway
• Digital payment processing
• QR code payments
• NFC contactless payments

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Cross-border Payment Processing: Alipay+ charges transaction fees for facilitating cross-border QR and contactless payments between consumers using partner mobile wallets and merchants globally. The platform operates on a per-transaction basis as a payment gateway connecting wallet users to merchants.
2. Digital Gateway Services: Revenue generated from value-added services including AI-powered travel agent (Voyager), digital tax refunds, rewards programs (A+ Rewards), payment marketing, and remittance services. These services enhance the core payment flow and provide additional monetization opportunities.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Alipay+ is a unified wallet gateway that connects global merchants to multiple mobile payment methods through a single technical integration. The platform enables cross-border QR code payments (user-presented and merchant-presented modes), NFC contactless payments, online cashier payments, and auto-debit functionality across 220+ markets. It also provides complementary digital services including AI-powered travel tools, tax refunds, remittances, rewards programs, wallet technology infrastructure, and emerging agentic commerce capabilities for AI-driven transactions.

Product overview

Alipay+ is a unified wallet gateway providing cross-border payment and digital services that connects global merchants to mobile payment users worldwide through a single integration. The platform operates as a platform-plus-modules architecture comprising the core Alipay+ Payment Gateway supporting QR code, NFC, Online Cashier, and Auto Debit payment methods, complemented by digital services (Alipay+ Voyager AI travel agent, Tax Refund, Trust Score, Remittance), marketing tools (A+ Rewards, Payment Marketing), AI-powered technology solutions (GenAI Cockpit, Financial-grade AI PaaS, Risk Management Solutions), developer tools (Linker Wallet/Merchant, Developer Center), and emerging innovations like the Agentic Mobile Protocol for AI commerce and GlassPay for AR-based payments. The platform connects 2 billion+ consumer accounts across 40+ mobile payment partners to 150 million+ merchants in 220+ markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Alipay+ Online Cashier Payment

Quantifiable outcome

• 20M+ transactions processed daily
• +7 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration53 records

AI capability11 records

Feature10 records

Partnerships

26 partnerships are on record, tiered core, strategic, flagship and innovation.

• Hong Kong Tourism BoardcoreStrategic or Co-development Partner · 16 June 2026Partnership for Hong Kong Summer Fun campaign featuring Summer Deals programme with hundreds of thousands of offers. AlipayHK/Alipay/Alipay+ facilitates instant rewards at nearly 100 participating malls as part of citywide celebration including Dragon Boat Festival, Pixar Summer Fest, and Hong Kong Football Festival 2026.
• Kyrgyzstan National Interbank Processing CentercoreTechnology or Integration · 4 June 2026Launch of international QR payments for ELCARD Mobile app users, enabling Kyrgyz citizens to make seamless cross-border payments across Alipay+'s global merchant ecosystem. Supported by the National Bank of Kyrgyz Republic, marking a milestone in advancing Kyrgyzstan's digital financial infrastructure and cross-border payment connectivity.
• PVS (Latin American fintech)coreTechnology or Integration · 28 May 2026Launch of cross-border QR payment system in Latin America covering Chile and Argentina, with plans to expand regionally. Network supports over 50 e-wallets and banking platforms alongside 10+ national QR payment schemes. PVS provides regional integration and merchant onboarding infrastructure.
• R2 (Mexico)strategicStrategic or Co-development Partner · 26 May 2026Collaboration with Mexico-based embedded lending infrastructure company R2 to expand SME financing across Latin America. Part of Ant International's broader Latin American expansion strategy.
• Tourism Authority of Thailand (TAT)coreStrategic or Co-development Partner · 15 May 2026AI-powered campaign partnership to enhance digital travel experiences in Thailand, creating four themed rankings based on AI-driven data analytics of cross-border traveler behavior. The initiative integrates safety guidelines, emergency contacts, and one-stop booking services through Alipay+ Voyager AI travel agent, including a Thailand destination benefits card with exclusive perks.
• barqcoreTechnology or Integration · 10 May 2026Saudi Arabian financial app with 12 million users launching global cross-border QR payments via Alipay+. barq becomes the first Alipay+ payment partner in the Middle East to enable outbound cross-border QR payments, connecting users to 150M+ merchants across 220+ markets. Aligned with Saudi Vision 2030 cashless society goals.
• Bank Indonesia and People's Bank of ChinaflagshipStrategic or Co-development Partner · 7 May 2026Indonesia-China cross-border QR payment linkage connecting Indonesia's QRIS system with China's Alipay and UnionPay networks via Alipay+ technology. Chinese users can pay at 40M+ QRIS merchants in Indonesia; Indonesian users can scan 80M+ QR codes in China. Part of broader efforts to advance interoperable payment connectivity across Asia.
• Vietcombank and NAPAScoreTechnology or Integration · 3 May 2026Partnerships with Vietcombank (largest capitalized bank in Vietnam) and NAPAS (national payment switch) to expand cross-border payments capabilities in Vietnam. VCB Digibank enables users to make international payments through Alipay+ network.
• GoogleinnovationTechnology or Integration · 28 April 2026Collaboration with Google on agentic commerce protocols, working to establish universal standards for AI agent payments alongside Mastercard and Visa.
• Singapore Personal Data Protection CommissionstrategicStrategic or Co-development Partner · 23 April 2026Singapore's Personal Data Protection Commission evaluated Ant International's proof-of-concept for PETs-enabled AI prediction model training, releasing Practical Guidance on data classification and handling under Singapore's data regulations.
• Nanyang Technological University SingaporeinnovationStrategic or Co-development Partner · 23 April 2026Collaboration with NTU Singapore's Digital Trust Centre under Master Research Collaboration Agreement to advance research on PETs deployment for cross-border payments and trust technologies.
• Sri Lanka Tourism Development Authority and LankaPaycoreTechnology or Integration · 15 April 2026Integration of LankaQR national payment infrastructure with Alipay+, enabling travelers from China, India, Singapore, Malaysia, Thailand, and South Korea to make seamless mobile payments at Sri Lankan hotels, restaurants, and retail outlets. Grants access to 1.8B+ mobile wallet users across Asia-Pacific.
• HSBCinnovationTechnology or Integration · 2 March 2026Pilot with HSBC in Hong Kong tested real-time tokenized deposits on Ant International's Whale platform, exploring blockchain-based settlement capabilities.
• Singapore Tourism BoardcoreStrategic or Co-development Partner · 26 February 2026Strategic partnership renewal to strengthen Singapore's position as a world-class tourism destination by enhancing digital payment experiences and joint marketing initiatives through Alipay+. The partnership builds on 2025 results showing Singapore among top 5 global travel destinations, with increased participation of Chinese travelers.
• Malaysia (MDEC, TNG eWallet, DuitNow QR)coreStrategic or Co-development Partner · 24 February 2026Deepening footprint in Malaysia through partnerships with MDEC and integrations with TNG eWallet and DuitNow QR. Aligned with Malaysia's goal to achieve AI Nation status by 2030. Prime Minister Anwar Ibrahim met with Ant International CEO to discuss advancing AI adoption.
• Reserve Bank of IndiastrategicStrategic or Co-development Partner · 2 February 2026Discussions to integrate India's UPI with Alipay+ for cross-border digital payments. Would allow UPI's 400M users to make instant payments abroad with reduced costs and settlement friction. Integration reflects broader industry trend of connecting national payment rails through shared technical standards.
• Tinaba (Banca Profilo)coreTechnology or Integration · 24 January 2026Italian fintech launched cashless payment service in China enabling payments at 80M+ merchants via Alipay+ integration. Users pay in euros with transparent exchange rates. Reported 133% increase in transaction volumes through Alipay+ in 2025.
• Mastercard and VisainnovationTechnology or Integration · 13 January 2026Ant International is piloting AI agent transaction capabilities alongside Mastercard and Visa for the Agentic Mobile Protocol, establishing universal standards for AI-driven transactions.
• AirAsiastrategicTechnology or Integration · 13 January 2026Open-sourced Falcon AI model helped AirAsia reduce FX hedging costs by up to 40%, demonstrating AI-powered financial solutions for travel sector.
• NayaPay (Pakistan)coreTechnology or Integration · 13 January 2026Launch of global QR payments for Pakistani users at 150M+ merchants across 50+ countries. Simplifies cross-border transactions connecting Pakistani consumers with global ecosystem.
• RokidinnovationTechnology or Integration · 8 January 2026Integration of Alipay+ GlassPay into Rokid's $299 Ai Glasses Style at CES 2026, enabling voice-activated payments via voice commands, QR scanning, and iris recognition authentication through 1.8B connected accounts across 40+ payment providers.
• New York LibertyflagshipGTM or Marketing Partner · 22 December 2025Multi-year partnership making Alipay+ an Official Sponsor and Innovation Partner for Sustainability for the WNBA team. Three pillars: community empowerment, environmental sustainability (Threes for Trees initiative planting trees for every three-pointer at home games), and youth development (Math Hoops STEM program). 91 trees already pledged as of June 19, 2026.
• BENEFIT (Bahrain)coreTechnology or Integration · 23 November 2025Collaboration to introduce Alipay+ QR payments in Bahrain by 2026, enabling cross-border digital transactions for merchants and consumers.
• DBSflagshipStrategic or Co-development Partner · 13 November 2025Deepened strategic partnership with MoU at Singapore Fintech Festival 2025 to explore innovative payments, digitisation, and fintech solutions. Enables DBS PayLah!'s 3M+ users to scan Alipay+ QR codes at 150M+ merchants across 100+ markets, explores real-time remittances between DBS customers and 1.8B Alipay+ ecosystem accounts, and supports SME digital transformation through Antom and WorldFirst services.
• Kaspi.kzcoreTechnology or Integration · 16 September 2025Alipay+ and Kaspi.kz enabled international cross-border QR payment acceptance in Kazakhstan, making it the first country in Central Asia to accept Alipay+. Users of 12 Alipay+-enabled payment apps from countries including China, Germany, and South Korea can scan-to-pay via Kaspi QR. Builds on existing outbound partnership since April 2024.
• Singapore Tourism BoardcoreStrategic or Co-development Partner · 1 January 2025Multi-year strategic partnership renewal to enhance Singapore's tourism industry through digital innovation and marketing initiatives. The collaboration has driven record spending via Alipay+ and increased Chinese traveler participation, with Alipay+ transactions increasing 36% year-on-year and Chinese travelers spending 26% more than prior year. Both parties leverage Ant International's data capabilities and AI tools to develop future-ready tourism sector under Singapore's Tourism 2040 roadmap.

Scale indicators17 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Checkout.com: Global payment processor offering unified gateway services optimized for cross-border digital commerce. Directly comparable in product architecture (single integration, multiple payment methods) and enterprise merchant focus.
• Wise: Cross-border money transfer and multi-currency account provider. Comparable for cross-border payment flows and FX optimization, although Wise is B2C remittance-led rather than merchant acceptance-led.
• Adyen: Global unified payments platform offering a single API/SDK that connects merchants to multiple payment methods worldwide. Comparable to Alipay+ as both provide single-integration, multi-method acceptance at global scale, although Adyen focuses on card and APMs rather than wallet-to-wallet QR interoperability.
• PayPal: Operates a cross-border wallet and merchant acceptance network (PayPal, Venmo, Xoom). Comparable as a consumer wallet-to-merchant payment network, though PayPal is a single brand wallet rather than an aggregator of 40+ national wallets like Alipay+.
• dLocal: Cross-border payment processor focused on emerging markets (LatAm, Africa, Asia). Comparable in targeting emerging-market wallet and APM acceptance; competes for the same digital merchant cross-border corridor volume that Alipay+ serves.
• Stripe: Developer-first payment gateway with global coverage supporting 100+ payment methods and 135+ currencies. Comparable as a unified API/hosted-checkout gateway for cross-border digital commerce; differs in wallet-to-wallet QR focus versus Stripe's broader APM/card mix.

Broad incumbents

• Visa: Global card network pushing into account-to-account, real-time, and agentic commerce (Visa Direct, Visa+). Overlaps Alipay+ in cross-border acceptance and is a direct AMP pilot partner, making it both collaborator and competitor.
• Worldpay: Large global merchant acquirer and processor offering multi-method cross-border acceptance to enterprise merchants. Comparable in serving global acquirers and merchants, with broader card-rails heritage versus Alipay+'s wallet-led model.
• Mastercard: Global card network competing for cross-border merchant and consumer payment flows. Also an AMP pilot partner, with comparable ambitions in agentic commerce standards and emerging-market acceptance.

Emerging players

• PPRO: Payment orchestration platform aggregating local payment methods for global merchants. Comparable as a single-integration layer for APMs, though PPRO is a more B2B orchestration play versus Alipay+'s wallet-to-merchant emphasis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AlipayPlus
• Facebookfacebook.com/alipayplus
• LinkedInlinkedin.com/company/alipayplus

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alipay+